The federal government is undergoing its largest workforce reduction in modern history. Since the creation of the Department of Government Efficiency, mass layoffs, agency closures, and a prolonged shutdown have crippled essential services and shaken economic stability nationwide.Continue Reading
What makes US healthcare so expensive? Our neighbor in the north may serve some answers. While Canada and the US share similar backgrounds in culture, language, and economies, Canada’s universal healthcare system cuts healthcare prices in half compared to the US, and still outperforms the US in life expectancy and overall health.Continue Reading
Recession Watch (We’re Serious) Authors: Andres Larios, Faith Spalding, Sydney Sibrian Editors: Andres Larios, Faith Spalding, Daniel Hou Intro: Welcome to the Weekly BluRB, a newsletter catered to students and professionals seeking the latest news and insights on global markets. Get prepared for the week by reading four stories circulatingContinue Reading
In Mexico, a country burdened by a policy-induced sluggish economy, newly appointed President Claudia Sheinbaum seeks to redefine the national trajectory on her terms. Her success, and Mexico’s, will ultimately depend on her ability to balance continuity with innovation and fix what is broken.Continue Reading
Recently, the stock market has experienced big wins. Economists argue that this increase can be correlated to the fact that, in October, the consumer price index went down to 3.2 percent. The slowed consumer price index is rooted in a campaign by the Federal Reserve, which wishes to “kill inflation” by lowering rates. There is a big debate among economists concerning whether this upward-moving stock market can be backed by economic indicators.Continue Reading
Macroeconomic theory suggests that without any outside intervention, the macroeconomy will self-adjust and return to its long-run state after short-term shocks. The decision for policymakers thus boils down to a cost-benefit analysis taking into account factors like intertemporality and risk tolerance — they can either wait and allow the economy to adjust organically, or sink resources into actively trying to stabilize the economy, taking on the risk of further destabilizing it.Continue Reading
The field of economics is undergoing a revolution, becoming more relevant, accurate, timely, and empirical by using technology to track everything, all the time. Our economics columnist explains how plentiful data is drastically changing the way policy is structured and decisions are made.Continue Reading
The COVID-19 has, unequivocally, triggered a global crisis comparable in size to historical precedents such as the Great Recession of 2008. While the two may be similar in their ramifications, the current crisis differs significantly from the 2008 crisis. This article discusses noteworthy insights for policymakers and investors alike. Continue Reading
Xenophobia and racism have been endemic throughout American history, but the COVID-19 pandemic highlighted how it affects the Asian American community in the United States. From suffering Asian-owned businesses to high rates of unemployment to lacking government programs, learn more about how the Asian American community is battling both discrimination and the pandemic.Continue Reading
It looks like the United States just became a third wheel. Recent economic data from the E.U.’s statistical office shows that China is now the European Union’s biggest trading partner of goods, knocking the U.S. from its prime spot. While the European Union has been China’s biggest importer for some time, the relationship only became mutual during the pandemic, likely due to the increase in demand for Chinese medical products in the E.U. In turn, demand for European goods in China also grew.Continue Reading